Global Water Resources, Inc. (NASDAQ:GWRS) Plans $0.03 Monthly Dividend

Global Water Resources, Inc. (NASDAQ:GWRS) declared a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.0253 per share by the utilities provider on Monday, March 31st. This represents a $0.30 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, March 17th.

Global Water Resources has raised its dividend by an average of 1.0% annually over the last three years. Global Water Resources has a dividend payout ratio of 75.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Global Water Resources to earn $0.30 per share next year, which means the company may not be able to cover its $0.30 annual dividend with an expected future payout ratio of 100.0%.

Global Water Resources Stock Performance

NASDAQ GWRS opened at $11.34 on Tuesday. The stock has a market capitalization of $274.68 million, a price-to-earnings ratio of 42.00, a PEG ratio of 2.53 and a beta of 0.99. The stock has a 50-day moving average of $11.53 and a 200 day moving average of $12.24. The company has a current ratio of 1.62, a quick ratio of 1.63 and a debt-to-equity ratio of 2.47. Global Water Resources has a twelve month low of $11.05 and a twelve month high of $13.98.

Global Water Resources Company Profile

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.